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Failure to raise the debt ceiling would lead to default that would shake the U.S. and world economies. McCarthy said the package would lower spending by $4.5 trillion over the coming 10 years. Biden reiterated his position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under his Republican predecessor, Donald Trump. POTENTIAL CONSEQUENCESThe nonpartisan Committee for a Responsible Federal Budget praised McCarthy's plan as a "realistic and extremely welcome first step." A lengthy 2011 standoff over the debt ceiling led to a first-ever downgrade of the federal government's credit rating, which rattled markets and raised borrowing costs.

[1/4] Robert F. Kennedy Jr. delivers a speech announcing his candidacy for the Democratic presidential nomination in Boston, Massachusetts, U.S., April 19, 2023. REUTERS/Brian SnyderApril 19 (Reuters) - Anti-vaccine activist Robert F. Kennedy Jr., a member of a storied U.S. political dynasty, announced on Wednesday a long-shot bid to challenge incumbent President Joe Biden for the 2024 Democratic presidential nomination. He is the nephew of former President John F. Kennedy, who was assassinated in 1963, and the son of former U.S. Senator Robert F. Kennedy, who was assassinated in 1968 during his own presidential bid. During the COVID-19 pandemic, Kennedy criticized social-distancing requirements and vaccine mandates.

April 19 (Reuters) - Anti-vaccine activist Robert F. Kennedy Jr., a member of a storied U.S. political dynasty, is due to announce on Wednesday a long-shot bid to challenge incumbent President Joe Biden for the 2024 Democratic presidential nomination. He is the nephew of former President John F. Kennedy, who was assassinated in 1963, and the son of former U.S. Senator Robert F. Kennedy, who was assassinated in 1968 during his own presidential bid. During the COVID-19 pandemic, Kennedy criticized social-distancing requirements and vaccine mandates. Kennedy said on Twitter last month that he was considering a presidential run to "end the corrupt merger between state and corporate power."

But unspent COVID aid is a small target, with less than $80 billion unspent as of January, White House budget figures show. CARPENTERS, VETERANS AND MEDICAL RESEARCHReclaiming unspent COVID funds would have real-world repercussions. A clawback could also affect veterans' healthcare, as the Department of Veterans Affairs has yet to spend $4.6 billion of the money it received for COVID-19 related care. Republican governors of Nebraska and Arkansas last year rejected a second round of aid for people behind on their rent. Republican Senator Rick Scott in January urged governors and mayors to voluntarily return that money to help pay down federal debt.

WASHINGTON, March 9 (Reuters) - U.S. President Joe Biden's budget proposal, released on Thursday, envisions a dramatic expansion of the federal safety net for children and families. Biden's fellow Democrats widely back his family-focused proposals: Tax credits, free preschool, subsidies for child care and paid family leave. Those two programs are due to balloon as the Baby Boom generation ages, with Biden's budget projecting they will account for 42% of federal spending in 2033, up from 34% today. Biden's budget proposal projects a deficit of $1.7 trillion for the current fiscal year. If revived, it would cost the government $259 billion in the next fiscal year -- equal to 4% of total federal spending.

A spike in carjackings and an assault on Democratic Representative Angie Craig has stirred concerns about crime in the city in recent years. Police statistics show that homicides and gun crimes in Washington have nearly doubled since 2017, though crime has fallen overall. City council members say their law is the result of years of compromise and say the reduced penalties for crimes like carjacking and robbery reflect the actual sentences imposed by judges. But that argument has gotten little traction on Capitol Hill, where Republicans who represent rural areas have often clashed with leadership of the overwhelmingly Democratic city. Washington's city council, sensing defeat, withdrew its crime overhaul on Monday in an unsuccessful attempt to head of the Senate vote.

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